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Optimistic Trader

03/06/14 2:17 PM

#19008 RE: -JAWS- #19006

That it is right...it is something called a NCSS trading rule (I probably have that a bit wrong what it is called) but I called two reps from Scottrade about a week ago. What it is, is they could be fined if they allow certain stocks to be purchased (usually low priced stocks that are about to be split or BK'd, etc). There is no getting around it...you will have to find another brokerage firm to place buy orders. Scottrade will allow sells but not buys...I'm thinking they will allow buys of SFOR after the R/S.
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trackkwizzard

03/07/14 1:57 AM

#19019 RE: -JAWS- #19006

They pulled that on me years ago with another stock. I switched to ETRADE.